For the euro today witnessed the rise of the franc forces
I expect possible up to 1.2390
And landing
Thread: Eur/Chf
For the euro today witnessed the rise of the franc forces
I expect possible up to 1.2390
And landing
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long positions at 1.2310 with 1.2340 and 1.2370 as next targets
the breakout of 1.2280 will caLLfor arebound towards 1.2260
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Bulls on EURCHF look weak.the price now that was move so near that strong supply 1.2390. On simple say as long as that supply 1.2390 can not be break again by strong bulls candle, just be aware with sideways first near that supply 1.2390 level,
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eur/chf technical analysis by using :adx
adx : 35.8098
+di : 14.9088
-di : 30.6714
timeframe : 1 hour
date : 15.01.2013
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The pair is now testing resistance level 1.2386, if the level is broken, EURCHF may continue rise towards 1.2438 or more. But if it fails to break the level, the pair may goes down towards 1.2236. I think this pair was moved too high and possible to make a correction.
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eur/chf technical analysis by using : adx
adx : 41.0481
+di : 28.6150
-di : 17.7709
timeframe : 1 hour
date : 14.01.2013
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long postons at 1.2190 with 1.220 and 1.2245 as next targets
the breakout of 1.2160 will call fro arebound towards 1.2130
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Trend on bulls and still nice to be search for buy OP. Look after we see to the price candle formation on this 4H TF . the nice bills here can probably touch to re-test that that supply at 1.2230. So, for buy OP is better with use TP near that supply 1.2230,
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After a big drop last night.now price move around support 1 area. which assumed already broke.Waiting for price action for buy.Marking also support 2 area. which maybe price will go down and reach this 1.1950 area.
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Today(14-1-13 ) pivot point are-
Resistance 3- 1.2291
Resistance 2- 1.2244
Resistance 1- 1.2216
Pivot point- 1.2169
Support 1- 1.2141
Support 2- 1.2094
Support 3- 1.2066
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